Best White Label Brokerage Providers 2023
Essentially, WL works the same way as IB, but usually, WL gets more facilities from the Main Broker. They are allowed to put their logo on the trading platform, determine the amount of spread, and manage their clients. Rather than act as a bridge between clients and brokers, WL has its own clients and only cooperates with brokers to use its services. We offer a large range of products and services to enhance your business operations. The traditional scheme of brokerage with the use of a single margin account, based on the most popular clients’ base currency.
The solution provider could be a developer as well as an agent between the developer and brokers. When you have a target customers interested in the various digital marketing services we provide on your behalf, you’ll reach out to your dedicated Digital Marketing Strategist. Our strategist will put together research on the prospect and their top two or three competitors, then have a preliminary conversation with the prospect about their goals and objectives and how we can help them. This entire experience happens under your brand name and you can start selling the new services right away!
Three Ways White Label Broker Work – A-Book, B-book and Mixed One
With over 150 million powered trading accounts across 170 countries, Quadcode earned the prestigious 2023 UF AWARD for the Best All-in-One Brokerage Solution. When it comes to reliable providers of White Label components, B2Broker is the first name that comes to mind, as this provider of liquidity and technologies is among the world’s leading ones. The company offers top quality WL solutions for financial institutions, banks, hedge funds, brokerage businesses, exchanges, and more.
Brokers using WL connections don’t need to run their own trading servers and hire experts to maintain them. Just like we said before, the bridge is one of the key components for brokerages. In the beginning, many brokers opt-out for a bridge configuration that is included in their White Label partner offering. Usually the broker will give the IB a unique ID link that will track new customers that the IB introduced, and will also grant him access to the broker’s promotional materials. More sophisticated IBs will create their own marketing campaigns for the broker and also manage sales and retention for him. In both cases, the more trading volume you have running through the platform, the higher the revenue of the broker, and as a result – the profit you will make.
What are the pros and cons of a WL?
This is how it’s possible to start an online brokerage firm in weeks when you use a white label solution. B2Broker, established in 2014, is a global company that helps brokerages and exchange firms worldwide to achieve their business goals. With over 380 employees, B2Broker has served more than 500 clients, including 298 corporate clients, 170 professional clients, and 32 institutional clients. This article explores white-label brokerage solutions, compiling a list of the top 10 reputable providers that have garnered recognition for helping businesses handle their trades in the dynamic financial markets. At the heart of Soft-FX’s offerings lies the Forex Broker Turnkey solution, a comprehensive gateway to the FX market. This all-encompassing solution equips Forex brokerages with essential tools, including a robust software foundation, multi-layered liquidity,
an advanced trading platform, and a user-friendly back office.
- Sirix Venture provides a complete suite of back-end tools to help Forex brokers build their business.
- They also represent a high risk, so we only recommend them for professional brokers.
- At the same time, the mixed model excludes serious deposit requirements and major non-trading risks.
- The one-time setup fee for the service is $5,000, and the monthly support fee is $2,000.
- For example, in the US, an applicant must be registered as an FCM, CTA, or IB with the NFA (National Future Association) to work as an IB.
They should be able to adjust markups, routing and control trades execution. It adds to the flexibility and helps brokers stay in full control of their operations. An experienced broker already has previous experience in the brokerage world, knows key terms and mechanisms, ecn broker and is aware of what is required to start a business. Forex broker world is highly competitive, so if you do not offer a convenient portal for your traders to deposit money and perform other admin tasks, they will most likely prefer your competitors.
Best White Label Brokerage Providers
Toni is a Fintech Analyst with over 8 years of experience in the financial industry where he worked as a financial control analyst at a regional bank and later conducted independent investment research analysis. IBs describe all the services, point out their pros and cons, looking for the best solution right now. An IB provides clients with up-to-date information that helps solve existing troubles and is adjusted to traders’ demands.
High-speed price feed from a reliable liquidity provider can attract professionals and protect brokers from arbitrage traders at the same time. That gives complete independence to brokers, but it is a very expensive route. An alternative to that would be White Label, which enables brokers to access the fully functioning https://www.xcritical.com/ trading platform at a fraction of the cost. Running a business in regulated countries requires an expensive license, more funds, and every formality usually takes more time. We see many starting brokers establish themselves within the offshore and then move to more regulated markets as their company and revenue grow.
White Label Forex Trading Platform Costs
The package includes the Sirix server, Sirix broker, and Sirix trading platform, which are available for Forex, CFD, and crypto trading on the web, desktop, and mobile. The one-time setup fee for the service is $5,000, and the monthly support fee is $2,000. However, the monthly fees can vary depending on the services requested and the level of customization needed to offer the desired services to clients. Starting a brokerage service in today’s fast-paced world can be challenging, especially with the high competition in the market. Brokers must provide their clients with a range of services and solutions that meet their requirements to achieve success.